TOPIC

/ company

Swire Group

Swire Group, whose activities span property, aviation, beverages, marine services, and trading and industrial, is a Hong Kong-listed conglomerate. It is the parent of Hong Kong carrier, Cathay Pacific Airways, and Dragonair, and Hong Kong Aircraft Engineering Co (Haeco) is a subsidiary. Swire Pacific and Swire Properties are the main listed arms of the group, which also owns Swire Hotels.

Chairman / President

Merlin Swire

CEO / Managing Director

Guy Bradley

CFO / Finance Director

Rebecca Sharpe

Industry

Conglomerate

Website

swire.com

Headquarters address

London, England, UK

Year founded

1816

last updated:

30 September, 2024

A rendering of the Lujiazui Taikoo Yuan Residences. Photo: Swire Properties

China property

Swire sees robust demand for flats at first mainland China residential project

Swire Properties said 94 per cent of the units at a residential project in Shanghai were sold.

10 Dec 2024 - 3:09PM

Hong Kong property

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC

6 Dec 2024 - 7:09PM

Hong Kong property

As Hong Kong and Singapore age, health businesses loom larger in property market

3 Nov 2024 - 9:30AM

Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

24 Oct 2024 - 6:32PMvideocam

Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse

Hong Kong politics

Beijing urges HSBC to keep backing mainland, Hong Kong’s development push

Xia Baolong, Beijing’s point man on Hong Kong affairs, issues call in meeting with HSBC group chairman Mark Tucker.

19 Oct 2024 - 8:02PM

Urban biodiversity

Biophilic design at the heart of developer’s biodiversity strategy

Swire Properties’ Taikoo Square and Taikoo Garden aim to enhance urban biodiversity in key business district.

In partnership with:

Swire Properties

Hong Kong property

Swire Pacific, Wharf results dragged down by Hong Kong, China property markets

Subdued office rentals hit Swire Properties, while sluggish residential sales do the most damage to Wharf.

8 Aug 2024 - 5:59PM

Swire’s Two Taikoo Place rises above other buildings in the Taikoo Place complex in Quarry Bay, Hong Kong. Photo: Swire Properties

Hong Kong courts

Pilot sues Hong Kong’s Cathay, Haeco over 2018 alleged ‘cabin fume event’

Antonia Louise Zoya Anton, a former first officer, says she inhaled contaminated air while piloting a flight in 2018

7 Aug 2024 - 9:41PM

Accidents and personal safety

Swire Coca-Cola vows to investigate Hong Kong plant carbon dioxide leak

Video posted online shows white clouds billowing out onto the street at facility in Sha Tin.

14 Jul 2024 - 8:26PM

Mergers & Acquisitions

Swire Pacific takes control of Shanghai healthcare provider DeltaHealth

Swire Pacific, which has made healthcare a key growth area, has completed the acquisition of a controlling stake in Shanghai-based cardiovascular treatment provider DeltaHealth.

2 May 2024 - 9:00PM

Swire Pacific has completed the acquisition of a majority stake in Shanghai-based DeltaHealth. Photo: Handout

China property

Swire Properties to close Beijing hotel to make way for ‘retail landmark’

The 99-room The Opposite House, the group’s first hotel, will close after 16 years to make way for an ‘innovative retail landmark’ in the Taikoo Li Sanlitun area.

9 Apr 2024 - 10:38AM

The Opposite House in Beijing. Photo: Weibo

Hong Kong property

Swire Pacific posts record US$4.6 billion profit, eyes healthcare for future growth

Conglomerate reports record profit of HK$36.2 billion (US$4.6 billion) for 2023, nearly eight times better than 2022’s HK$4.7 billion.

14 Mar 2024 - 5:54PM

Hong Kong economy

Opinion | Cathay Pacific is no longer the premium airline Hong Kong remembers

Cancelling flights in peak season, cutting standards for its pilot captains and entering the budget flights market, Cathay is struggling to find its feet post pandemic and can no longer be considered a premium airline.

8 Feb 2024 - 9:58AMvideocam

Hong Kong property

Hong Kong CEOs to focus on finances, sustainability in 2024 amid property stress

CEOs of major landlords and developers in Hong Kong say priorities for 2024 include offering tenants new, sustainable services and diversifying portfolios.

1 Jan 2024 - 12:33PM

“Sunflower Field” is set up at Summerfest 2023 at the Central Harbourfront Event Space on July 10, 2023. Photo: Sam Tsang

International Property

Swire Properties touts luxury Jakarta project as foreign buyer curbs eased

Move by Jakarta to make it easier for foreigners to buy property in Southeast Asia’s largest economy is expected to boost sales for Swire Properties’ luxury joint venture project.

3 Dec 2023 - 6:00PM

Savyavasa, a joint venture between Hong Kong’s Swire Properties and Indonesia’s Jakarta Setiabudi International Group, will have about 400 units. Photo: Handout

Hong Kong property

Hong Kong’s SFC acquires 12 floors in Swire Properties tower for US$691 million

Hong Kong’s Securities and Futures Commission has agreed to pay HK$5.4 billion (US$691 million) to acquire a number of floors at Swire Properties’ One Island East development in Quarry Bay for its permanent offices.

17 Nov 2023 - 8:20PM

Business of climate change

Hong Kong, Sydney among APAC cities facing shortage of green buildings: JLL

Cities in Asia-Pacific are staring at an ‘unprecedented shortage’ of sustainable office buildings over the next five years as companies strive to meet their net zero targets, according to JLL.

31 Oct 2023 - 9:30AMvideocam

Belt and Road Initiative

Hong Kong to sign agreements in Beijing for three projects worth US$450 million

Chief Executive John Lee says US$450 million belt and road agreements part of drive to strengthen city’s role in China’s international trade plan.

16 Oct 2023 - 9:37PM

China prepares for the third Belt and Road Forum for International Cooperation, to be held in Beijing this week. Photo: AP

Cathay Pacific

Hong Kong flag carrier Cathay Pacific seals cut-price deal on 32 new Airbus jets

New cut-price Cathay Pacific Airbus planes, with book cost of HK$36 billion, will be delivered by the end of 2029 and used mostly on mainland China and Asia routes.

1 Oct 2023 - 12:12AM

Business of climate change

Hongkong Land joins push to decarbonise the city’s office buildings

It is the latest developer to launch an initiative that forms part of an industry-wide decarbonisation push aimed at helping the city reach its climate targets.

5 Sep 2023 - 4:15PMvideocam

China property

Swire chasing 2 stakes in Shanghai firms with prime sites in Pudong

Swire Properties will shell out a total of 9.7 billion yuan (US$1.3 billion) to bid for stakes in two state-owned companies in Shanghai that own two prime sites in the city’s Pudong New Area.

5 Sep 2023 - 7:29AM

The Huangpu River in Shanghai. Swire’s offer adds to evidence that Hong Kong and overseas developers are now finding better chances of taking part in lucrative projects amid a property crisis in mainland China. Photo: Bloomberg

Hong Kong property

Hong Kong’s retail sector revives: top landlords report growth among tenants

Swire Properties says retail sales at some shopping centres are back at pre-pandemic levels, while Hysan Development reports rising tenant revenue. However, the office market lags as high vacancy rates persist.

10 Aug 2023 - 6:35PM

Shoppers crowd Causeway Bay in Hong Kong on July 1, 2023. Photo: Yik Yeung-man

Business of climate change

Swire, CLP among Hong Kong companies putting price on carbon to cut emissions

Internal carbon pricing can make greenhouse-gas emissions a part of every operational and investment decision, says Deloitte expert.

23 Jul 2023 - 6:00PMvideocam

Greater Bay Area

Will Hong Kong developers’ bets on Greater Bay Area backfire?

Hong Kong firms are well-placed to take advantage of opportunities given the crisis facing their mainland rivals, but the economic situation warrants caution, analysts say.

15 Jul 2023 - 11:11AMvideocam

Business of climate change

Hong Kong must support disclosure rules to boost green finance role: experts

All relevant players must understand and adhere to the latest disclosure requirements, speakers from the government, the city’s stock exchange operator and companies including HSBC and EY said during the Post’s Redefining Hong Kong conference on Thursday.

29 Jun 2023 - 6:45PMvideocam

Joseph Chan, undersecretary for financial services and the treasury, speaks during Redefining Hong Kong, hosted by the South China Morning Post in Admiralty on June 29, 2023. Photo: Xiaomei Chen

Mergers & Acquisitions

Swire Pacific agrees conditional sale of US Coca-Cola unit to parent firm

Deal proceeds will be used to reduce net debt and reward shareholders as firm keeps its strategic focus on Greater China and Southeast Asia.

28 Jun 2023 - 10:54PM

Swire Pacific has agreed the conditional sale of its entire soft drinks business in the US. Photo: SCMP / Fung Chang

Hong Kong property

Why Hong Kong shopping-centre operators are racing to install EV chargers

Mall operators including Link Reit, Swire Properties, Henderson Land and Sun Hung Kai Properties believe EV chargers will help attract wealthy local shoppers as tourist spending continues to lag.

25 Jun 2023 - 2:00PMvideocam

Cathay Pacific

Hong Kong’s Cathay Pacific discrimination scandal: why did aircrew behave so badly?

Analysts and employees of flag carrier ask whether Cathay can salvage reputation, save itself from mainlanders’ ire and rebuild standing in key customer base.

26 May 2023 - 4:29PMvideocam

Help preserve 120 years of quality journalism.

SUPPORT NOW